#AltcoinETFsPostponed While there hasn't been a delay of five crypto ETF approvals today, April 30, 2025, there have been recent developments regarding ETF applications for specific cryptocurrencies.
Based on the search results:
* XRP ETF: The SEC recently delayed its review of the Franklin XRP Fund by 45 days from the initial May 1st deadline. This news came out on April 29, 2025. Several firms, including 21Shares, Bitwise, Canary Funds, Franklin Templeton, Grayscale, and WisdomTree, have filed applications for XRP spot ETFs.
* Grayscale XRP ETF: Back in March 2025, the SEC also delayed its decision on Grayscale's application for a spot XRP ETF, extending the review period until mid-October.
* Dogecoin ETF: Alongside the XRP ETF news on April 29, 2025, reports also indicated that the SEC is delaying decisions on Dogecoin ETF approvals.
It's important to note that these recent delays specifically concern XRP and Dogecoin ETFs, not necessarily five distinct crypto ETFs at the same time.
General Information about Crypto ETF Approvals:
* The SEC has been cautious in approving crypto ETFs, citing concerns about market manipulation and investor protection.
* In January 2024, the SEC approved the first spot Bitcoin ETFs in the US, a significant development after years of rejections and delays. This included ETFs from major players like BlackRock, Fidelity, and Grayscale.
* Following the approval of Bitcoin ETFs, the SEC approved spot Ethereum ETFs in May 2024. However, these approvals came with the condition that the ETFs would not offer staking of Ether.
* The process for approving a crypto ETF involves the asset manager submitting a registration statement (like an S-1), and the exchange filing a rule change proposal (19b-4) to list and trade the ETF. The SEC then reviews these filings, with an initial 45-day review period that can be extended up to 240 days.
* The approval of spot Bitcoin ETFs has been seen as a significant step in mainstreaming cryptocurrency investments, providing a more accessible way for traditional investors to gain exposure to Bitcoin.
So, while the SEC didn't delay five crypto ETFs today, there have been recent delays specifically for XRP and Dogecoin ETF applications. The SEC's stance on crypto ETFs has evolved, as seen with the approval of Bitcoin and Ethereum spot ETFs in the past year.